SEBI had recently mandated all brokers to start displaying charges while placing an order, helping traders and investors get an estimate of the charges they will be paying upfront. While this is helpful for someone placing fewer orders, for someone who trades throughout the day it isn’t as the charges you see are only for that particular order while you get to know charges for all orders you place during the day only when you get the contract note at the end of the day. For this set of traders, the best way to give them an estimate of charges is to show the charges for all the orders placed during market hours itself. This is why we’re introducing a virtual contract note on Kite showing you charges for all the orders you have placed during the day.
You can check the Virtual contract note in the Orders tab on Kite web. This provides the details of brokerage, STT, exchange transaction charges, stamp duty, SEBI turnover charge, and GST for orders placed during the day along with order-wise charges.
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I noticed even for MIS short orders, the STT charged is 0.1%, but it reduces are square off. Is that supposed to happen?
Are these calculations the same as those in the brokerage calculator, @ShubhS9?
Once you exit the trade, it will become intraday trade and charges will be updated accordingly.
Could you please DM more details, so we can have this checked?